Overstated issues here. Obviously they have not funded loans, thats why there is potential. First loan closing soon.
They did not "steal" 280k from "unsuspecting" clients. The main client wanted to borrow 45 million dollars.... not exactly an everyday deal. And they are refunding the fees, and not charging fees anymore, since deal closing took so much longer than expected. Fees do not represent a significant part of their revenue anyway.
They have struggled to get to loan #1, but we are nearly there, and I suspect these old issues will long be forgotton soon.
And we are paying .000X for this stock...not exactly a highly over-priced deal here.
